Ark Invest buys $12.5 million of Bullish stock in four days
Summary
Ark Invest bought $12.5 million of Bullish (BLSH) stock over four days, including a $5 million purchase on Thursday, adding shares to its ETFs. Bullish shares have fallen more than 17% over the past two weeks and closed at $35.96 on Thursday. Ark frequently uses broader digital-asset downturns as entry points into cryptocurrency companies, which explains the timing of these purchases. Bullish is an institutionally focused digital-asset platform that also owns CoinDesk and recently listed on the New York Stock Exchange.
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